Content
@
0 reply
0 recast
0 reaction
Net Sky
@netsky
VanEck Officially Files Form 8A for Ethereum ETF VanEck has taken a significant step toward launching its spot Ethereum ETF by filing the necessary Form 8-A, indicating imminent trading potential. Bloomberg’s Eric Balchunas highlighted that this filing mirrors the procedures followed just a week before VanEck’s Bitcoin ETF went live, suggesting a potential early July debut for the Ethereum product. The progress in Ethereum ETF filings follows the SEC’s May approval of eight such products, sparking widespread anticipation within the cryptocurrency community. This development contrasts the drawn-out approvals and market uncertainties that plagued Bitcoin’s ETF launch, underscoring a possibly smoother path for Ethereum. Analysts are cautiously optimistic, with Balchunas sticking to a July 2 projection for the Ethereum ETF’s launch despite the SEC’s lack of clear guidance. This move could mark a significant milestone in mainstream acceptance of cryptocurrencies.
0 reply
0 recast
0 reaction
